All articles tagged with #fsa
The UK Food Standards Agency has issued a warning that certain US-made Jolly Rancher candies contain chemical compounds (MOAH and MOSH) that could damage DNA and increase cancer risk, prompting a recall and urging consumers and businesses to stop selling or consuming these products, although the immediate health risk is low.
Nearly half of Americans with Flexible Spending Accounts (FSAs) leave money unused at the end of the year, resulting in an average forfeiture of about $370. However, there are various ways to spend FSA funds before the December 31 deadline, including purchasing Covid tests, contact lenses, pain relievers, paying off medical bills, dental visits, fitness classes, air purifiers, ancestry kits, health tracking devices like the Oura Ring, and massage guns. FSA funds are pretax dollars, providing tax savings, and can be used to stretch healthcare spending.
As the end of the year approaches, it's important to maximize your employee benefits before they expire or reset. Take advantage of flexible spending accounts (FSAs) by using any remaining funds for eligible expenses. Consider maximizing contributions to health savings accounts (HSAs) before the year ends, as unused funds roll over. Use any remaining flex time, work-from-home days, or paid time off. Review your retirement savings and adjust contributions if necessary. Lastly, explore other employee perks and discounts that you may have overlooked. Being proactive now can lead to significant savings and optimized benefits for the new year.